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Four-Unit Building in 16th Street Heights

1348 NICHOLSON Street NW Washington, DC 20011

Claim this Listing
For Sale
$830,000

MULTI_FAMILY - Other - WASHINGTON, DC

Property size:
2,640 SF
Lot size:
0.13 Acres
Price / SF:
$314.39/SF
Added:
May 29, 2026
Days on Market:
47
Last Refresh:
Jul 14 at 8:06 am

Property Features for 1348 NICHOLSON Street NW

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Size
2,640 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Annual Amount
8096

Utilities

Heating system
Hot Water(Heating)

Building Details

Year built
1935
Number of units
4
Building materials
Brick
Architectural style
Other

Listing agent Russell Carter License #SP98377566

Listing office Keller Williams Capital Properties 519 C Street, WASHINGTON, DC

Listing date May 29, 2026

MLS# DCDC2265332 Listing URL

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This multifamily property is located in the 16th Street Heights neighborhood. The four-unit building is situated on an oversized lot, offering value-add potential, including the possibility of adding up to four rear parking spaces. Each unit offers functional layouts. Similar properties in the area have converted existing dens into bedrooms, creating four 2-bedroom units and maximizing rental income potential. The property provides income-producing potential for investors seeking both immediate cash flow and long-term appreciation. The building has been well cared for. Residents enjoy convenient access to downtown DC, public transportation, parks, restaurants, shopping, and neighborhood amenities. The property is located moments from the 16th Street corridor. The property size is 2640 square feet and the lot size is 0.1278 acres.

Key Highlights

  • Located in the highly sought‑after 16th Street Heights neighborhood.
  • Oversized lot with potential to add up to four rear parking spaces.
  • Strong income‑producing potential for investors.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $71.3k $27.00
− Vacancy −$3.7k −$1.40
EGI $67.6k $25.60
− OpEx −$20.3k −$7.68
NOI $47.3k $17.92
2,640 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$675.7K
$591.3K – $788.4K (±1% cap)
NOI $47,301 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$600.3K
$525.2K – $700.3K (±1% cap)
NOI $42,018 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M (±1% cap)
NOI $95,413 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

FAQs

What type of property is this?
Quadplex - Well-maintained four-unit building with value-add potential in Northwest DC.
Where is this quadplex located?
The property is located at 1348 NICHOLSON Street NW Washington, DC.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Located in the highly sought‑after 16th Street Heights neighborhood.; Oversized lot with potential to add up to four rear parking spaces.; Strong income‑producing potential for investors.
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